6.1 Explain the differences between exploration and exploitation. (10)

4.2 Think about which exploitation you would consider to be more crucial, and then give examples from an Operations Iron Ore Terminal to support your position.

Ensure to include in the answer the innovation concept within an Operations Iron Ore Terminal and how each of these phases apply to the innovation process. (15)

8.1 Using a Radical Innovation of your choice, prepare a report that describes the innovation process. The report should:

Differentiate exploitation from invention. (10)

Differentiate and distinguish the different activities associated with the process of innovation.(15)